236 Ocean ST

236 Ocean ST, SANTA CRUZ, CA 95060

$1,900,000

1,749 sq. ft. single story building and two parcels, have significant development opportunities. This property is a prime investment opportunity because of the possible many uses and its zoning the City of Santa Cruz has shared with the seller. The location allows for no required parking on site. There are two parcels. One is 6,409 Sq Ft, and the other is 3,444 Sq Ft. Total approx. 9,853 Sq Ft. The current rental income is strong $7K-9K monthly (more when farmers market is present) and there is additional space inside and outside to generate more. Development insights provided by Santa Cruz City Planning & Zoning Dept. states Currently a minimum of 6 units would be permitted , 2-4 stories tall, quite possibly more units and 1-2 more stories height increase subject to buyers approved plans. City also declares the site does qualify for low income housing and in that case, developer could possibly go to 5 stories tall and there is no maximum number of units. The seller and agents do not warranty what is written, and buyer to perform due diligence

9,853.27 Sq.Ft. lot

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Thank you for your interest in 236 Ocean ST, SANTA CRUZ, CA 95060. We are reviewing your request and will be in touch shortly!

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Paul Zech

title Partner | Real Estate Agent | Commercial
PHONE (831) 247-3007
EMAIL [email protected]
DRE # 01965059

Features & Amenities

Area & Lot

Status For Sale
Lot Area9,853.27 Sq.Ft.
MLS® IDML81957573
TypeCommercial
NeighborhoodSanta Cruz County
School DistrictSanta Cruz City High

Exterior

water SourcePublic
lot featuresLevel
sewerPublic Sewer

Financial

Sales Price$1,900,000
Zoning CN

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Santa Cruz County

Known for its moderate climate, the natural beauty of its coastline, great surf, redwood forests, and alternative community lifestyles.

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Our expansive network and white-glove service ensure a bespoke experience for both buyers and sellers. At Team Zech Properties, we carefully curate each property and transaction to ensure that personal touch, every time. Contact Paul or Kathleen today to begin your real estate journey.